IN SUMMARY

New zero-interest businesses "is the incentive for young people and women who want to become entrepreneurs. The concessions are valid throughout Italy and include a mix of zero-rate financing and non-repayable contributions for business projects with up to to € 3 million, which can cover up to 90% of the total eligible costs. 

To download all the documentation relating to the first phase of submitting applications, go to the Download Area folder

Who is it for?

ON - Oltre Nuove Imprese at zero interest rate is aimed at micro and small enterprises made up mainly of young people between 18 and 35 years old or of women of all ages , throughout the national territory.

Companies established within the previous 5 years with different rules and methods, depending on whether they are businesses established for no more than 3 years or companies established for at least 3 years and no more than 5, access the loan.

Individuals can also apply for a loan, with the commitment to set up the company after any admission to the facilities

What it finances

Businesses can apply for funding to implement new initiatives or expand, diversify or transform existing businesses. Coverage of eligible expenses can be up to 90% to be repaid over 10 years.

No guarantees are required in the event of loans of less than 250 thousand euros; on the other hand, there is a guarantee in the form of a special privilege for loans exceeding 250 thousand euros

A mortgage is always required for investment projects involving the purchase of a property.

The business plans must be launched after the submission of the application and must be concluded within 24 months from the date of stipulation of the loan agreement.

There are two lines of financing with different spending programs and aid schemes, depending on whether the companies have been established for no more than 3 years or for at least 3 and no more than 5 years.

For businesses up to 3 years

Companies established no more than 3 years old can present investment projects up to 1.5 million euros to carry out new initiatives or develop existing activities in the manufacturing, services, trade and tourism sectors.

Coverage of eligible expenses can be up to 90% to be repaid over 10 years.

They can access a mix of zero-interest financing and a non-repayable grant that cannot exceed the limit of 20% of the eligible expenditure.

Businesses can also request a contribution to cover the working capital needs associated with the expenses for raw materials and services necessary for carrying out business activities. The contribution can reach up to 20% of the investment costs.

Some examples of business plan expenses
 

• Masonry and similar works (30% eligible investment)

• Machinery, plant and equipment

• Computer programs and services for ICT

• Patents, licenses and trademarks

• Specialist consultancy (5% eligible investment)

• Expenses related to the stipulation of the loan agreement

• Expenses for setting up the company

For businesses between 3 and 5 years old

Companies established for at least 3 years and no more than 5 years can present projects involving investment expenses of up to 3 million euros to implement new initiatives or expand, diversify or transform existing activities, in the manufacturing, services, trade and tourism sectors.

The concessions consist of the mix of zero interest and non-repayable fund, which cannot exceed the limit of 15% of eligible expenditure.

Some examples of business plan expenses

• Purchase of properties only in the tourism sector (40% eligible investment)

• Masonry and similar works (30% eligible investment)

• Machinery, plant and equipment

• Computer programs

• Patents, licenses and trademarks.

TERMS FOR APPLICATION

Starting from 12.00 on 19 May 2021 it will be possible to apply for a subsidy:

Evaluation phase I forms

To access the first evaluation phase, the facsimile of the application must be presented with the required attachments:

2nd evaluation phase forms

Once the first phase has been successfully completed, the proposers must integrate the loan application with the information useful for accessing the second phase of the preliminary procedure: ​

INSTRUCTIONS FOR SUBMITTING YOUR APPLICATION ON THE ONLINE PLATFORM

To request the benefits it is necessary:

1. signing in   to Invitalia online services by indicating an ordinary e-mail address

2. once registered  access the reserved site  to fill in the application directly online, upload the business plan and the documentation to be attached

3. make sure that you have a digital signature and a certified e-mail address ( PEC ) of the legal representative of the company already established at the time of presentation, or of the natural person as a partner or contact person of the company being established.

After the electronic submission of the application and attachments, an electronic protocol is assigned.

There are no rankings: applications are examined according to the order of presentation.

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